The individual owners/partners/ proprietors will benefit little on their individual taxation, 7000 more deduction as standard deduction (40-18-15), + 20000 more on medical insurance + marginal relief for their fixed deposit interest.
Long term equity capital gain will be taxed 10%, so that shares invested money they will now divert into their MSME expansions . Their employee EPF liability/cost for 3 years is freed by Govt

The MODI government has placed a good budget for farmers.The Corporates are happy with reduction in tax rates.
The senior citizens are pleased.Salaried Employees are not unhappy.
But What about the small medium sized traders? The Finance Minister has forgotten them..